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High Limit Credit Cards

High Limit Credit Cards

What are the most suitable high limit credit cards in the UK, in 2024? Can you get a credit card with a £20,000 limit in the UK, for example? What is the highest credit card limit in the UK?

These are all very common questions that we see regularly on this topic.

Credit cards with high limits are most often defined as those 0% cards, which offer new customers, a higher than average credit limit.

Many UK customers, when they first apply for their new credit card, would like to get an initial high credit limit. Very often customers are looking for credit cards with high limits, for one of the following two reasons:-

  • You have a large outstanding balance on your current credit card. As a result, you would like to make a balance transfer to a new credit card. This will allow you to benefit from any 0% introductory offer on balance transfers.
  • You would like to make one large purchase, or perhaps several higher value purchases, using your new credit card. This will allow you to benefit from any 0% introductory offer on purchases.

In both of the above cases, to make your large transfer, or purchase, you will need to be given a higher credit card limit. This could be a credit card with a £5000 limit. Or even a credit card with a £10000 limit, for example. This kind of large credit limit does allow you to make larger purchases with your new credit card. Alternatively, you could make a bigger balance transfer, from one or more of your existing cards, to your new credit card.

Highest Credit Card Limit UK

Many customers are looking for a new 0% credit card with the highest credit card limit in the UK.

We often see customers asking how to get a high limit credit card. You are more likely to be successful in obtaining UK high limit credit cards if you have:-

  • A very good, or excellent credit history
  • No recent bad debt problems
  • No recent missed, or late, payments
  • A low level of overall debt, excluding any mortgage you may have
  • An annual income of around £20,000 or more

Many of the UK banks and credit card companies will look for a customer to meet all of the above criteria, before providing high credit limit credit cards to new customers.

There are around 60 UK credit cards with 0% offers, currently available online. What are the most suitable cards for customers looking for high limit credit cards in UK?

The credit card companies have generally tended to be more cautious with their lending. This has been the case ever since the banking crisis, back in 2008. This has meant that, for many customers, initial credit card limits have tended to be lower, than in the years before the banking crisis began.

With the recent Coronavirus crisis, the credit card companies are in general, now overall more cautious with their lending. The number of customers accepted for new cards, as well as the credit limits, are now both likely to be lower. Additional 0% credit card offers for existing customers are also likely to be greatly reduced in numbers.

However, we have often seen that some credit card companies can still be more generous with their credit limits. All of the following featured credit cards, in our experience, are most likely to be suitable for customers looking for UK high limit credit cards:-


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Balance Transfers:
0% for up to 26 months
Balance Transfer Fee:
3.49%
Purchases:
0% for 3 months
Representative APR:
24.9% APR (variable)
M&S Transfer Plus*
  • 0% for up to 26 months on balance transfers made within 90 days of account opening
  • 3.49% balance transfer fee, minimum £5
  • 0% on purchases for 3 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
  • Manage account online
  • Annual Fee: None
M&S Transfer Plus*
  • You are a UK resident
  • You have an annual income or pension of at least £6,800
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within the previous 12 months
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for up to 27 months
Balance Transfer Fee:
3.49%
Purchases:
0% for 3 months
Representative APR:
24.9% APR (variable)
HSBC Balance Transfer*
  • 0% interest for up to 27 months on balance transfers made within first 60 days of account opening
  • 3.49% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for 3 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
HSBC Balance Transfer*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions. You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances.
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for up to 12 months
Balance Transfer Fee:
3.49%
Purchases:
0% for up to 20 months
Representative APR:
24.9% APR (variable)
M&S Purchase Plus*
  • 0% for up to 12 months on balance transfers made within 90 days of account opening
  • 3.49% balance transfer fee, minimum £5
  • 0% on purchases for up to 20 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
  • Manage account online
  • Annual Fee: None
M&S Purchase Plus*
  • You are a UK resident
  • You have an annual income or pension of at least £6,800
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within the previous 12 months
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards
Balance Transfers:
0% for 20 months
Balance Transfer Fee:
3%
Purchases:
0% for 3 months
Representative APR:
28.9% APR (variable)
Sainsbury’s Balance Transfer
  • 0% interest on balance transfers for 20 months
  • 3% balance transfer fee on transfers made within first 90 days (minimum £3)
  • 0% interest on purchases for your first 3 months
  • Collect up to 3 Nectar points per £2 in Sainsbury’s, Argos, and Habitat
  • Collect 1 Nectar point for every £5 spent on your card elsewhere
  • Online account management
  • Annual Fee: None
Sainsbury’s Balance Transfer
  • You have a permanent UK address
  • You have not been declined for credit in the last month
  • You do not have a history of bad credit
  • You are aged 18 or over
Representative Example: 28.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 28.95% p.a. (variable)
No balance transfers allowed to this card from Sainsbury’s credit cards
Balance Transfers:
0% for up to 16 months
Balance Transfer Fee:
3.49%
Purchases:
0% for up to 18 months
Representative APR:
24.9% APR (variable)
HSBC Purchase Plus*
  • 0% interest for up to 16 months on balance transfers made within first 60 days of account opening
  • 3.49% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for up to 18 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None
HSBC Purchase Plus*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
Representative Example: 24.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 24.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions. You might get different interest rates and promotional periods to those shown here, because these depend on your circumstances.
No balance transfers allowed to this card from first direct, HSBC or M&S credit cards

Credit Cards With High Limits

Customers are more likely to be accepted for any of the above high credit limit credit cards, when they can successfully meet all of the application criteria that the credit card company is looking for.

Are you a customer looking to apply for any of the highest credit card limit cards? Then, it is important that you take extra care with the online application form, whilst you are applying.

Any mistakes that you make on the application form, are more likely to lead to your application being declined. This failure, may then in turn further reduce your prospects of successfully applying for any other 0% credit cards with high limits.

The UK credit cards, featured above, are higher limit cards which do not currently, charge a customer any annual fee, for use of the card

Credit Card With £20000 Limit UK

Can you get a credit card with a £20,000 limit in the UK? Is a high credit limit like this very common, in 2024?

Well it is possible to get a limit this high, but only for a very, very small number of customers. These customers would generally, have very high annual incomes. However, a large credit card limit like this, is quite a rare occurrence in today’s market.

Currently, the average credit limit for one of the largest UK credit card companies, is a rather lower figure of just £4000. As you can see, that is quite a bit lower than a credit card with a £20,000 limit.

Your actual credit limit is decided by the credit card company. The limit is based only on their lending criteria and the information provided by you on the application form. This is then combined with the information held about you, by a credit reference agency.

Maximum Credit Card Limit UK?

Is there a maximum credit card limit in the UK? If so, does this restrict the size of the credit limit a customer will be given?

We often see customers looking for answers about the highest credit card card limit you can get in the UK. In theory, there is no maximum credit card limit in the UK.

If you already have a number of credit cards with high limits, then this may reduce the maximum credit card limit you can obtain on any new UK card. The credit card companies do tend to be wary of any one individual having too much credit available to them, in relation to their overall income.

Credit cards with high limits are not as common in the UK credit card market, as they once were. However, they do still happen. We still see customers given a higher than average credit limit, when applying for a new credit card.

Most 0% credit cards in the UK, including the Marks and Spencer credit card, for example are currently issued as MasterCard credit cards. There are also a smaller number of cards available, that are issued as Visa credit cards in the UK.

High limit credit cards, are however, available as both Visa and MasterCard issued credit cards. The choice of payment network that the card company uses, makes no difference to the size of the credit limit you are given. This is purely down to your own financial circumstances.


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Published: February 6, 2024, Updated: February 6, 2024 by 0% Credit Card Expert

All 0% credit card deals and offers on this website are updated daily